When it comes to information technology needs, most financial institutions spend too much time in reactive mode and not nearly enough time in proactive mode. The problem exists generally in financial institutions without a Chief Information Officer (CIO). Desktops and servers are added to the network on an ad hoc basis. Networks are extended as needed and often without a clear objective.
Firms without a designated CIO suffer from a lack of senior-level, unbiased, technology guidance. Many of these financial institutions rely on their systems vendor. While these suppliers are competent and technically knowledgeable, they lack bank operations expertise and their primary motivation is to sell products.
With Catalyst CIO Services, financial institutions can control technology infrastructure. Critical business functions can work in a reliable, efficient, cost-effective fashion. We start by defining core, mission-critical activities, define what really matters for those activities and create best practices to optimize them. The result is a healthy, client-focused technology platform.
To maximize service levels and reduce the costs of technology in your financial institution, Catalyst can provide a CIO on as needed basis. Catalyst would provide all or some of the following services:
- Coaching business heads in how to leverage technology within their organizations
- Seek out cost-effective software solutions
- Define a customer-centered, technology service organization
- Plan for disaster prevention and recovery
- Protect against network intrusions
- Conducting special project for which there is never enough time
- Managing infrastructure or software implementation programs
- Selecting new technologies and systems
- Providing a sounding board to debate the pro’s and con’s of technology initiatives
- Mentoring existing staff as they are groomed to take on more responsibility
We are able to keep operating costs low and give our clients the ability to draw on proficient talent from Catalyst. We have extensive technology and business knowledge providing you with measurable returns on investment for your technology initiatives. Our vendor independence means objective advice.
